BNMs Fund for SMEs

Objective

Increase agrofood production for Malaysia and for export purposes through the provision of financing at affordable rates.

Eligibility

At least 51% of shareholdings held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition: https://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf

Purpose of Financing

• Capital expenditures (e.g. purchase of machinery and equipment or renovation cost for owner-occupied business premises); and/or
• Working capital; and/or
• Development of agrofood projects; and/or
• Viable projects involving primary agrofood production (upstream), agrofood processing/manufacturing, or other agrofood downstream activities; and/or
• To support domestic primary agrofood production;
  1. For agrofood manufacturing, at least half of the key input is to be sourced domestically; and/or
  2. For other agrofood related services, at least half of the activities are supportive of domestic agrofood production; and/or
• Domestic oriented, where at least half of the total production is sold in the domestic market.

Note: Financing should not be used for refinancing of existing credit/ financing facilities.

Financing Rate

3.75% per annum.

Maximum Amount of Financing

The maximum aggregate amount of financing under the Fund shall be limited to RM5 million per SME.

Maximum Financing Tenure

Up to 8 years.

*Terms and conditions apply

Objective

To enhance access to financing for SMEs to support growth.

Eligibility

At least 51% of shareholdings held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition: https://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf

Purpose of Financing

Working capital and/or capital expenditure (CAPEX).

Note: Financing should not be used for refinancing of existing credit/ financing facilities.

Profit Rate

From 5.0% p.a. up to 7.0% p.a.

Maximum Amount of Financing

Up to RM5 million per SME.

Maximum Financing Tenure

Up to 5 years.

*Terms and conditions apply

Objective

Encourage SMEs across sectors to automate processes and digitalise operations to increase productivity and efficiency.

Eligibility

At least 51% of shareholdings held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition: https://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf

Purpose of Financing

Purchase of equipment, machinery, computer hardware and software, IT solutions and services, technology support services and other intangible assets to enhance productivity and efficiency.

Note: Financing should not be used for refinancing of existing credit/ financing facilities.

Financing Rate

4.00% per annum.

Maximum Amount of Financing

Up to RM 3 million per SME.

Maximum Financing Tenure

Up to 10 years.

*Terms and conditions apply

Objective

Designed to help SMEs and innovative start-ups to grow their businesses and invest in strategic sectors and technology fields (digital tech, green tech and biotech) for a sustainable and entrenched economic recovery.

Eligibility

• Malaysian SMEs involved in the following sectors*:

*Sectors identified must be aligned with the long-term strategic development goals for Malaysia under the National Investment Aspirations (NIAs)

• At least 51% of shareholding held by Malaysians and as defined by SME Corp. Malaysia’s Guideline for SME Definition:
  https://www.smecorp.gov.my/images/pdf/2023/Guideline_on_SME_Definition_Updated_September_2020_Final.pdf

OR

• Business (including commercially ready start-ups) involved in providing technology solutions.
  (Non-exhaustive list and PFIs are allowed to propose relevant technologies under the three key segments  - Green technology, Digital and 4IR technology and Biotechnology)

OR

• SMEs and start-ups involved in the listed Government programmes (refer to FAQs for further details).
  All eligible programmes will be updated periodically at: www.bnm.gov.my/covid19

Note: Recipients of Special Relief Facility (SRF), PENJANA SME Financing (PSF) and/or PENJANA Tourism Financing (PTF) are eligible to obtain financing under HTG for the purpose of working capital and capital expenditure.

Purpose of Financing

Working capital and/or capital expenditure (CAPEX).

Note: Financing should not be used for refinancing of existing credit/ financing facilities.

Profit Rate

• Up to 3.5% p.a., for financing without guarantee; or
• Up to 5% p.a., with guarantee (inclusive of guarantee fee).

Maximum Amount of Financing

Up to RM10 million per SME.

Maximum Financing Tenure

Up to 10 years.

*Terms and conditions apply